Company Overview of Ener-Core, Inc.
Ener-Core, Inc. designs, develops, and manufactures products that are based on Power Oxidization technologies in the United States and internationally. Its Power Oxidizer technology is used to replace a combustion reaction with a chemical oxidation reaction, which occurs at lower temperatures. The company’s products include Ener-Core Power-Station EC250, a 250 kilowatt (kW) and EC333, a 333 kW power-station. The company sells its product primarily through distributors, as well as directly to end users. Ener-Core, Inc. is headquartered in Irvine, California.
9400 Toledo Way
Irvine, CA 92618
Key Executives for Ener-Core, Inc.
Chief Executive Officer and Director
Total Annual Compensation: $181.7K
President, Chief Operating Officer and Chief Technology Officer
Total Annual Compensation: $222.3K
Chief Financial Officer, Secretary and Treasurer
Total Annual Compensation: $63.8K
Compensation as of Fiscal Year 2014.
Ener-Core, Inc. Key Developments
Ener-Core, Inc. will Change its Ticker to ENCRD from ENCR
Jul 7 15
Effective July 08, 2015, Ener-Core, Inc. will change its OTC Bulletin Board stock ticker symbol to ENCRD from ENCR.
Ener-Core, Inc. Appoints Eric Helenek to its Board of Directors
May 19 15
Ener-Core, Inc. has appointed Eric Helenek to its Board of Directors, increasing the size of the Board to seven members. Mr. Helenek has been a Managing Director in Cowen and Company's Capital Markets Group since 2013, where he is responsible for equity and equity-linked financing transactions for growth companies.
Ener-Core Enters Definitive Agreement for $1.8 Million in Final Tranche of Private Placement of Senior Secured Notes and Warrants Totaling $4.9 Million
May 7 15
Ener-Core, Inc. has entered into the final tranche of an agreement to sell $1.8 million of senior secured notes and warrants, in a private placement for aggregate gross proceeds of $1.8 million. The company intends to use the proceeds from this private placement for general corporate purposes and to fulfill the capital requirements for it's global licensing agreement with Dresser-Rand. The company expects to close the sale of the secured notes on or around May 7, 2015. The terms of the senior secured notes and warrants to be issued in the private placement are substantially identical to the terms of the senior secured notes and warrants issued on April 23, 2015. Interest on the senior secured notes is payable monthly in cash on the first day of each calendar month beginning June, 2015 at a rate of 12% per annum and the notes shall have a maturity date of May 7, 2017. For each dollar invested in the senior secured notes, the investors will receive warrants with a five-year term to purchase approximately 2.2 shares of common stock at an exercise price of $0.25 per share.
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